MoodyТs: Finding buyer for Otkritie, B&N Bank challenge for cbank - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

MoodyТs: Finding buyer for Otkritie, B&N Bank challenge for cbank

MOSCOW, Feb 21 (PRIME) -- Finding a buyer for Otkritie Financial Corporation (FC) Bank and B&N Bank which are undergoing bailout, will be a challenge for RussiaТs central bank, global rating agency MoodyТs said in a research note on Wednesday.

Earlier in February, Central Bank Chairwoman Elvira Nabiullina said that a decision to merge the banks had been made.

The sale will be difficult because to its big size and a weak investor interest in Russian banking capital. If it is not sold to a private investor or a state-run bank, Otkritie Financial Corporation (FC) Bank plus B&N Bank may become another state Russian bank, the agency said.

MoodyТs also said that Promsvyazbank which is to become a bank meant to service the defense order and large government contracts may face U.S. sanctions.

It also said that the three banks will have difficulties with improving their financial results in the next 12-18 months although their net interest margin figures may rise thanks to the central bankТs support.


21.02.2018 14:28
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 72.6243 -0.2069 24 aug
USD 65.6046 -0.0150 24 aug
Stock Market Indices
1D 1W 1M 1Y
rtsi 1268.45 -1.11 18:50 23 aug
micex 2660.74 -0.54 18:50 23 aug
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 229.35 -1.17 18:49 23 aug
lkoh 5183.50 -1.73 18:49 23 aug
rosn 405.60 -0.10 18:49 23 aug
sber 219.50 0.00 18:49 23 aug
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 72.6700 -0.4825 14:59 23 aug
USDTD 65.7350 -0.1625 17:44 23 aug